Mumbai, January 30, 2025 – Transindia Real Estate Ltd. (TREL) (BSE: 543955 | NSE: TREL) announced its financial results for the third quarter of FY25, reporting a steady operational performance. The Board also approved key leadership changes, including the appointment of a new Chief Financial Officer (CFO).
Financial Performance – Q3 FY25
The company posted a total income of ₹2,044 lakh for the quarter ended December 31, 2024, compared to ₹2,683 lakh in the previous quarter and ₹4,656 lakh in the same period last year.| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Total Income | ₹2,044 lakh | ₹2,683 lakh | ₹4,656 lakh | ₹8,317 lakh | ₹11,360 lakh | ₹14,911 lakh |
| Profit Before Tax (PBT) | ₹1,185 lakh | ₹1,768 lakh | ₹1,726 lakh | ₹5,034 lakh | ₹14,898 lakh | ₹39,798 lakh |
| Profit After Tax (PAT) | ₹821 lakh | ₹1,144 lakh | ₹1,483 lakh | ₹3,514 lakh | ₹11,190 lakh | ₹30,528 lakh |
| Earnings Per Share (EPS) | ₹0.33 | ₹0.47 | ₹0.60 | ₹1.43 | ₹4.55 | ₹12.43 |
Segment-Wise Performance
- Logistics Park contributed ₹1,240 lakh in revenue during Q3, up from ₹1,206 lakh in Q2.
- Equipment Hiring (Non-Crane) generated ₹86 lakh, lower than ₹197 lakh in the previous quarter.
- No revenue was reported from the Equipment Hiring (Crane) division, as it was discontinued earlier.
Key Announcements & Leadership Changes
New CFO Appointment
The Board has approved the appointment of Mr. Nilesh Mishra as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective January 30, 2025. Mr. Mishra brings over 25 years of experience in finance and strategic planning, having held leadership roles at major multinational firms, including Freight Tiger (TATA-backed), Naval Group India, and Haas Automation India.He succeeds Mr. Mahesh Shetty, whose designation has been revised to Head – Risk Management & Process Improvement.
Dividend Declaration
The company had declared and paid an interim dividend of ₹0.50 per equity share in the previous quarter.Strategic Developments & Transactions
- Asset Sale in Tamil Nadu: The company has received in-principle approval to sell land and buildings at Shoolagiri, Tamil Nadu, owned by its subsidiary Mandanhatti Logistics and Industrial Parks Pvt. Ltd. to Caterpillar India Pvt. Ltd.
- Acquisitions & Expansions: TREL acquired 100% stake in Transindia Freight Services Pvt. Ltd., consolidating its position in logistics and warehousing.